Security Federal Savings Bank on Your Credit Report
In short: Security Federal Savings Bank is a state-chartered savings bank supervised by the FDIC and its state regulator, operating from Logansport, Indiana. FDIC records place the charter's origin at April 1, 1934 and assign it certificate 28894. The 06/30/2026 call report lists $464 million in assets across 8 FDIC-reported offices. Because Security Federal Savings Bank originates its own paper rather than buying it, the documentation behind any tradeline sits with the bank — which is what makes a §623 direct dispute worth filing here. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Security Federal Savings Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Security Federal Savings Bank carries FDIC certificate 28894, operates 8 FDIC-reported offices and reported $464 million in assets on its most recent call report in Logansport, Indiana.
How Security Federal Savings Bank appears on your credit report
Because Security Federal Savings Bank originated the account, the signed application and the full posting history are held by the bank and not by a third party. A §623 direct dispute to Security Federal Savings Bank therefore reaches the people who hold the records, while the parallel §611 dispute puts the bureaus on notice. Across 8 offices in Indiana, the review is handled in-house. No outcome is promised; the paperwork decides the result.
Names it may report under
Products that commonly show up
- ◆Consumer lines of credit opened at the 8 Indiana banking offices of Security Federal Savings Bank
- ◆Home-equity lines and residential mortgages originated near Logansport
- ◆Vehicle and equipment paper financed directly through Security Federal Savings Bank
Grounds to dispute a Security Federal Savings Bank entry
Each of these is a reason a Security Federal Savings Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Autopay set up with Security Federal Savings Bank failed and the missed cycle reported before notice reached you
- ◆Paid-in-full Security Federal Savings Bank loan still showing a balance after the payoff cleared
- ◆Security Federal Savings Bank tradeline reporting a credit limit that was never approved in writing
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Security Federal Savings Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Security Federal Savings Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Security Federal Savings Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Security Federal Savings Bank questions, answered
Does the FDIC insure deposits at Security Federal Savings Bank?
It is insured, and certificate 28894 is the number to quote. The FDIC lists a state-chartered savings bank supervised by the FDIC and its state regulator, headquartered Logansport, IN, chartered April 1, 1934, reporting $464 million and 8 offices as of 06/30/2026.
Who supervises Security Federal Savings Bank if a dispute goes nowhere?
Security Federal Savings Bank answers primarily to the FDIC and its state banking regulator. If a §611 and a §623 dispute both return "verified" against paperwork you hold, take it to the CFPB; FCRA §§616–617 also create a private right of action. You do not need to pay anyone to do either. The Security Federal Savings Bank head office in Logansport is the right address for the written record.
How many credit-card complaints does the CFPB show against Security Federal Savings Bank?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched Security Federal Savings Bank exactly, and we will not approximate one by partial-name matching — that routinely pulls in unrelated companies with similar names. Rather than imply a count we cannot source, we leave it out. The database is public and searchable at consumerfinance.gov.
How long can a Security Federal Savings Bank charge-off stay on my credit report?
The seven-year window runs from first delinquency on the underlying Security Federal Savings Bank account. Transfers, charge-offs and sales are irrelevant to that date. A first-delinquency field that shifts forward on a later pull is re-aging and should be disputed on that basis alone.
What is the difference between disputing with Security Federal Savings Bank and disputing with a collector?
Go to whoever holds the documents. Security Federal Savings Bank has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to Security Federal Savings Bank tends to produce a substantive answer rather than a rubber-stamp verification.
Does Security Federal Savings Bank report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so Security Federal Savings Bank — 8 offices in Indiana — may report to one or two bureaus rather than all three. Compare the three files side by side: differing balances are usually timing, but differing account status or first-delinquency dates are disputable.
I see duplicate Security Federal Savings Bank tradelines — is that allowed?
One account showing twice is a classic conversion artifact. Security Federal Savings Bank has operated since 1934, and a charter that old has usually been through at least one core-system migration. An account may legitimately appear under a predecessor name, but the same debt must not report twice with two balances. Dispute the duplicate and name both tradelines.
Can I dispute a Security Federal Savings Bank account myself without paying anyone?
No payment is required. Writing to the bureaus under §611 or to Security Federal Savings Bank under §623 costs you postage. Paid help is optional and cannot unlock anything extra; results depend entirely on what the documentation shows, and accurate entries stay put.
Where is Security Federal Savings Bank headquartered, and does that affect my dispute?
Security Federal Savings Bank is headquartered in Logansport, Indiana, with 8 FDIC-reported offices. Headquarters does not change your federal rights — the FCRA applies identically everywhere — but it does tell you which state banking regulator shares oversight, which matters if you escalate past the CFPB.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Security Federal Savings Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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